QUESTION A

Based on the case study entitled "Central Banks and the Money Supply", elaborate the following issue pertaining to the Central Banking. This is the case study pdf tutor can open it ( https://drive.google.com/file/d/1qFjRZ2GyQfA72rfTK0B7DEFeef_R19k0/view?usp=sharing ).

1."Commercial Bank can create money, contrastingly Central Bank can print money." Elaborate this statement. (20 marks)

2."The lessons from the global financial crisis suggest that monetary policy should lean against credit but not asset-price bubbles." Elaborate in detail.(20 marks)

QUESTION B

1. A brief of the related literature review of covid-19 pandemic, recession and economic growth in Malaysia. (Need reference and explanation)

2. Policy recommendations of covid-19 pandemic, recession and economic growth in Malaysia. (Need reference and explanation)